SG Market: Spore shares are likely to recover some ground from Mon’s losses in tune with the firmer close on European markets, as investors seem to be taking a “half-full glass” view of Europe, and hopes of policy easing in China as well as improving non-oil domestic exports, which rose 9% in Dec vs forecast of a 1.2% contraction. The STI may take another crack at the 2793 mark but is unlikely to surpass it given the heavily overbought nature of the market. Support sits at the 2725 level (50-day MA).
SGX and M1 may underperform as their 4Q earnings disappointed, prompting several houses to slash their target prices. S-Reits are set to be in focus with the majority releasing results this week, starting with A-Reit and K-Reit today, Cache, CMT, FCT due tomorrow, MLT, ART, Suntec due on Thu and CCT, Sabana and AIMS APS on Fri.
No comments:
Post a Comment